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Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 41 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Cash flows from operating activities:          
Net income $ 297,980 $ 276,486 $ 791,283 $ 1,013,907  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation and amortization 127,016   375,345 323,605  
Goodwill, Impairment Loss 0   152,712 0  
Lower of cost or market inventory valuation adjustment 34,062   (150,483) (192,927)  
Earnings of equity method investments, inclusive of distributions     280 463  
(Gain) loss on sale of assets     202 (52)  
Deferred income taxes 44,766   102,959 102,213  
Equity-based compensation expense     30,635 26,096  
Change in fair value - derivative instruments     19,880 (3,007)  
(Increase) decrease in current assets:          
Accounts receivable     (116,793) (136,764)  
Inventories     (47,409) (33,856)  
Income taxes receivable     13,704 27,792  
Prepayments and other     17,710 (14,089)  
Increase (decrease) in current liabilities:          
Accounts payable     321,537 (37,160)  
Income taxes payable     808 76,277  
Accrued liabilities     54,779 84,328  
Turnaround expenditures     (152,431) (114,593)  
Other, net     (3,314) 7,664  
Net cash provided by (used for) operating activities     1,411,404 1,129,897  
Cash flows from investing activities:          
Additions to properties, plants and equipment     (171,229) (167,967)  
Purchase of business, net of cash acquired (662,700)   (662,665) 0  
Purchase of Red Giant Oil, net of cash acquired     0 (54,088)  
Other, net     958 3,999  
Net cash used for investing activities     (856,764) (259,167)  
Cash flows from financing activities:          
Borrowings under credit agreement     269,500 256,000  
Repayments under credit agreement     (257,000) (347,000)  
Proceeds from issuance of common units - HEP     0 114,887 $ 82,300
Purchase of treasury stock     (471,976) (177,710)  
Dividends     (168,008) (175,921)  
Shares withheld for tax withholding obligations     (1,158) 0  
Proceeds from (Payments for) Other Financing Activities     (600) (544)  
Net cash used for financing activities     (729,337) (423,416)  
Effect of exchange rate on cash flow     1,801 (2,394)  
Cash and cash equivalents:          
Increase (decrease) for the period     (172,896) 444,920  
Beginning of period   1,154,752 1,154,752    
End of period 981,856   981,856   981,856
Cash paid during the period for:          
Interest     (93,929) (89,553)  
Income taxes, net     (163,232) (112,520)  
HEP          
Cash flows from investing activities:          
Additions to properties, plants and equipment     (23,828) (41,111)  
Cash flows from financing activities:          
Payments to Noncontrolling Interests     (100,095) $ (93,128)  
Cash and cash equivalents:          
Beginning of period   $ 3,045 3,045    
End of period $ 7,469   $ 7,469   $ 7,469